Compare Funds | Royce
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At a Glance
As of 06/30/26

SMid-Cap Total ReturnRemove

Small-Cap Total ReturnRemove

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Style

Value

Value

Market Cap

SMid-Cap

Small-Cap

Volatility

Below Average

Below Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • SMid-Cap fund that invests primarily in capital-returning stocks with solid fundamentals. SMid-cap stocks' market caps are less than the largest stock in the Russell 2500® Index.
  • Focuses on quality businesses, both U.S. and foreign, with below-average debt and above-average profitability selling at prices that Royce believes do not fully reflect underlying quality.
  • Average annual total return of 9.2% since inception (5/3/04) through 6/30/26.
  • Small-cap value fund that invests primarily in capital-returning stocks with solid fundamentals. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Focuses on quality companies that pay regular dividends and/or return capital to shareholders. Companies typically fall into one of three investment themes: Compounder, Quality Value, or Special Situations.
  • Average annual total return of 10.3% since inception (12/15/93) through 6/30/26.

Inception Date
05/03/04
12/15/93

Portfolio Managers

Miles Lewis, Joseph Hintz, Jag Sriram

Joseph Hintz, Miles Lewis, Jag Sriram

Portfolio Diagnostics As of 06/30/26

 

SMid-Cap Total Return

Small-Cap Total Return

Total Net Assets

32.8M

947.5M

Holdings

54

63

Average Market Cap

5.48B

2.61B

Active Share

96%

96%
2025
Portfolio Turnover

47%

59%

Weighted Average P/E,

17.4x

16.4x

Weighted Average P/B,

2.2x

1.9x

Weighted Average P/S

-

-

Composition As of 06/30/26

 

SMid-Cap Total Return

Small-Cap Total Return

Morningstar Style Map

The Morningstar Style Map is the Morningstar Style Box™ with the center 75% of fund holdings plotted as the Morningstar Ownership Zone™. The Morningstar Style Box is designed to reveal a fund's investment strategy. The Morningstar Ownership Zone provides detail about a portfolio's investment style by showing the range of stock sizes and styles. The Ownership Zone is derived by plotting each stock in the portfolio within the proprietary Morningstar Style Box. The shaded area represents the center 75% of the Fund's assets while the plot point in the middle represents the weighted average of its holdings. Over time, the shape and location of a fund's ownership zone may vary.

Geographic Breakdown

Sector Breakdowns

SMid-Cap Total Return

Small-Cap Total Return

Industrials

30.0

24.5

Financials

26.1

31.3

Materials

13.9

8.3

Consumer Discretionary

9.0

8.6

Health Care

6.1

6.6

Information Technology

5.0

5.2

Consumer Staples

4.1

10.3

Energy

2.3

2.1

Communication Services

0.3

0.1

Real Estate

-

-

Utilities

-

-

Cash and Cash Equivalents

3.1

2.8

Portfolio Overlap

SMid-Cap Total Return

Small-Cap Total Return

SMid-Cap Total Return

-

53%

Small-Cap Total Return

53%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-Cap Total ReturnSmall-CapPremier SMid-Cap Total ReturnSmall-CapSmall-Cap Opportunity

Least Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-Cap ValueCapital Micro-Cap Capital Small-CapSmall-Cap ValueSmall-Cap Special Equity

Risk As of 06/30/26

 

SMid-Cap Total Return

Small-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 103   ↓ 94

↑ 80   ↓ 69

Beta

N/A

N/A

Standard Deviation

16.56

17.83

Sharpe Ratio

0.72

0.53

Volatility

Performance As of 06/30/26

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 06/30/26

Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER QTR YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
SMid-Cap Total Return RYDVX 11.55 15.20 20.57 16.32 9.35 10.90 9.22 05/03/04 1.66 1.34
Russell 2500 Index - 20.26 22.71 36.72 18.40 8.30 12.25 - - - -
Russell 2500 Value Index - 18.50 24.16 38.54 19.41 10.28 11.28 - - - -
Small-Cap Total Return RYTRX 14.84 13.69 20.58 13.42 7.68 9.87 10.28 12/15/93 1.23 1.23
Russell 2000 Value Index - 17.19 22.99 43.01 18.73 8.23 10.89 - - - -
Russell 2000 Index - 21.49 22.57 40.78 18.60 6.98 11.62 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JUL YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
SMid-Cap Total Return RYDVX 3.95 19.75 23.33 16.45 9.94 10.84 9.37 05/03/04 1.66 1.34
Russell 2500 Index - -2.60 19.52 30.64 15.49 8.11 11.39 - - - -
Russell 2500 Value Index - 0.07 24.25 36.27 17.19 10.62 10.79 - - - -
Small-Cap Total Return RYTRX 2.82 16.89 22.97 12.21 8.68 9.70 10.35 12/15/93 1.23 1.23
Russell 2000 Value Index - 0.01 23.00 40.53 15.89 9.03 10.31 - - - -
Russell 2000 Index - -3.03 18.85 34.18 15.09 7.11 10.64 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JUL QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
SMid-Cap Total Return RYDVX 3.95 3.95 23.33 16.45 9.94 10.84 9.37 05/03/04 1.66 1.34
Russell 2500 Index - -2.60 -2.60 30.64 15.49 8.11 11.39 - - - -
Russell 2500 Value Index - 0.07 0.07 36.27 17.19 10.62 10.79 - - - -
Small-Cap Total Return RYTRX 2.82 2.82 22.97 12.21 8.68 9.70 10.35 12/15/93 1.23 1.23
Russell 2000 Value Index - 0.01 0.01 40.53 15.89 9.03 10.31 - - - -
Russell 2000 Index - -3.03 -3.03 34.18 15.09 7.11 10.64 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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